Bank failure · MN

First Integrity Bank, N.A. (Staples, MN) — failed May 30, 2008

First Integrity Bank, N.A. of Staples, Minnesota was closed on May 30, 2008 and resolved through a purchase and assumption. First International Bank and Trust (ND) took over its insured deposits. At failure it held $52.9M in assets and $50.2M in deposits. The FDIC's estimated loss on the failure is $10.3M (19.5% of assets).